CEOs and Successful Entrepreneurs have to coach aspiring entrepreneurs

Many steps of enterprise starting can be taught through formal couses.  But success as an entrepreneur depends on a fairly unusual combination of personality traits and innovative skills, most of which can be honed on the job only.  Hence most novice entrepreneurs need the kind of guidance and critics that the successful CEOs and entrepreneurs provide in the role of mentors.   There can be knowledge, traits and skills particularly relevant to the current environment and these can be articulated better by the current successful businessmen and the persons willing to start new ventures can benefit by being aware of them.  Then only they can start attempts to know more about them and use available learning opportunities.  Even persons who are in the business of coaching new entrepreneurs may come to know new knowledge, traits and skill through the coaching and discussions with the successful business people.

In order to build a good economy in a developing country, those successful CEOs and entrepreneurs must provide a platform for new business people or the younger generation enter into successful business and stay afloat.  As we are fully aware that new small business failed before reaching three years and most collapse during the infant stage.  Without sincere coaching of successful business individual the growth of younger business generation will be very much less except for those where their fathers left a handsome amount of capital where they can mange failures to success.  Otherwise the failures will not stand again.